Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-09-24
WASHINGTON.
Treasury Officials Pleased With the Re-
suit Of heir Efforts 20 Believe the
Strain on the Money Market,
Secretary Fairchild Summoned to the City
by President Observation-Disclosures
tive wilkins on Finances
TIE FINANCIAL POLICY.
Special to the Gazette.

thus far achieved. Up TO the hour OF
closing the Department this afternoon,
there hsd been offered abou! $3.50, eco
There were about forty offers to-day, OF
these eight we're from residents OF New
England. The aggregate amount offered
and accepted to day was SLOT
100 Is and SOL, $50 AS.
The Assistant Secretary is confident tnat
the entire amount called for will be
offered before the ex )lration OF tue period
named in the call
CLOSETED WITH THE PRESIDENT.
Secretary Fairchlld returned to the city
rather unexpectedly this morning, ana st
once proceeded to the White House,
where he was closeted with the President
fer some time. The nature OF the con-
ference could not be ascertained.
THE ONLY COURSE OPEN.
representative wilkins of Ohio, who
WAS member Of the House committee
on banking and currency il the Forty
eighth and Forty-niGth Congresses,
is the only member of Congress thai
has been Identified with tne nnan-
cial legislation OF the past four
Yesrs now in the city. He WAS asked By
your correspondent tonight what he
thought Of the financial situation, and the
attempt of the Treasury Department to
relieve the pressure, He replied: 81
think that Mr.. Thompson SdopGed the
only course open to him under the Cir
stances. His action will release about
$4,000, 900 and interest, which VIII be
paid within few days. This will sid
materially in tiding over the period be-
tween the time for sending money to the
west and south and the time when
money will return to New York
1t is said the money Itself will not
prove SO beneficial to the money counters,
but the fact is The Department is willing
to I'll the breech, as it will serve to re-
store confidence, and confidence is the
one thing needed above ell others"
"What, in your opinion, will be the re
suit in the stock market?"
"Ihe tendency OF the market at present
is Upward, but L think that this is only
temporary, and l expect there will be q
reaction and lower prices ia the future"
TREASURY OFFICIALS PLEAsRD.
WASHINGTON, Sept. % The Treasury
officials note with pleasure the reception
by the financial world Of yesterdays cir
cuisr Il is especially gratifying TO them
to learn that the public is willing to part
with the 4 per cent. bonds at the price Of
Tered by the department. Before
noon TO day Acting Secretary Thompson
received Offers to sell bonds, majority
Ger cents, &c the amount
Of 100000. In addition 10 THIS
offers made by local banks or
their own account and acting as agents
for out Of town firms, have been received
st the public money division of the De-
pertment to an amount not yet ascer-
tanned. the outlook is reported st tho
Department as much brighter, and the
belief is freely expressed thst the danger
of money panic has been averLed, ut
least for the present, by the last action OF
Secretary Thompson. O.her encouraging
features, they say, are found in the daily
statement of government reports and ex-
penditures.
SECRETARY FAIRCuILD MUM.
Special to the Gazette.
WASHINGTON, Sept. 23.- Secretary
Fsirchild returned quite unexpectedly
this morning and went immediately to
the White House, where he had long
conference with the President. The con
ference, 1t is said, was relatiye to the
eSSfNs hA4SL4S PC4ISJ ia lCl1SN1u4 IIt
stringency in the money market. Your
correspondent tried to interview the
Secretary Tonight on the hnancisl
situstlon, but he refused 10 say
anything whatever, saying his
position forbade it. Nearly 100000
more Of four and four and one-haIfs were
offered and purchased to-day and the
feeling expressed by the bankers here to-
night is that the worst OF the thing is
over.
HORSE FOR THE PRESIDENT.
The call OF Senator Hampton Of South
Carolina upon the President yesterday
was not of 4 political nature as was at
first supposed. He said tonight
the dispatches that his visit was
to urge candidate for the vacancy on
the Supreme bench were all wrong He
simply desired 10 present the President
with blooded horse IS g mark OF per
sonal esteem. The animal is on it's way
here now, and Will be given to Mr.. Cleve-
land in few days.
PRESENT TO MRS. CLEVELAND.
Mrs. Cleveland has expressed herself es
much pleased with photograph sent her
by Sidney Morse, the Boston sculptor of
the statuette of President Cleveland, upon
which Mr.. Morse has been engaged fer
several weeks past. The first cast h.s
been made from the complex model. The
figure is about thirty inches il height,
the President standing in an
easy attitude resting upon his right foot
With his lett hand behind his
Osck. His right band hangs
easily at his side and holds
: slip Of paper. Despite the rotundity
Sad stoutness OF his form, President
figure presents excellent pro-
portions and makes fine statue, with
many good qualities from an artistic
standpoint.
TEXAS PENSION.
Special to the Gazette.
WAsBINGTON, Sept. 23.-The follow
ne Texas pension was granted to-day:
Bethana r, widow OF n. B. Vizer, Co
lad.
AN IMPORTANT DOCUMENT.
The statement 20 be prepared by Com
missioner Of Internal Revenue Miller,
designed IS guide to show how the re-
1uction Of revenue taxes would affect the
government receipts, is al important doc
lment. The Commissioner thinks thst
majority OF the people of the United
States are opposed TO the repesl Of the
whisky tax. The report shows decrease
4 the amount of whisky msnnfac tured |
turing the year, ending June 80, 1885. |
For this year the tax on distilled spirits |
to $50, 092,266 During the